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/biz/ - Business & Finance

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11565875 No.11565875 [Reply] [Original]

Be honest, how many of you who are down on your initial investment just want to get back to break even and get out of crypto forever? Literally all my normie friends who bought crypto are just looking for an opportunity to get out (if they didn’t sell already). None of them seem to believe in crypto long term. I hate to say, but I can’t imagine how another major bull run can happen with so much sell pressure on the way up.

>> No.11565883

>>11565875
just ask yourself who would buy btc at 100k?

>> No.11565886

We haven't capitulated till $2000

>> No.11565890

I bought chainlink at 10c and sold for $1
laughing gorrila man.tiff
https://www.youtube.com/watch?v=fdpEAyrKwvU

>> No.11565893

>>11565875
i was a dumbass that bought at the last run - went in with what i saw as a lower risk undervalued xlm mid-december. Bought at $0.14 so still comfy

>> No.11565894

>>11565875
Seen this FUD multiple times. Try again shill fag

>> No.11565895

>>11565883
Who would even buy at 15k?

>> No.11565905

we don't need your dumb friends to have a bull run, all we need is a few ultra rich people. but they aren't going to do it when it's convenient for you, they have patience. tell your friends to sell ASAP btw if they don't believe in (understand) crypto. We need people like that to get out at current prices.

>> No.11565911

That's what they said about like 99% of all alt coins last year that ended up breaking their previous ATH. That's what they said in 2014 as well (no one has any reason to believe I am an oldfag but i advise you to dig through the archives and see for yourselves). This break-even-bagholders is fucking stupid in actuality. And even if it were true, after the bagholders dump the hypothetical pump would continue. You think whales don't factor in bagholders when they are accumulating the consolidation zones?

>> No.11565913

>>11565875
O please anon tell me how many BTC did you friends buy?!
Was there even one whole BTC that any one of them bought?!.

Your friends with 100-500$ BTC holds are irrelevant.

>> No.11565916

>>11565875
I only need a 3x on my low cap coin to be ahead again.

>> No.11565928

>>11565875
Just wait till greed kicks in

>> No.11565931

>>11565875
I'm down on my initial investment but absolutely will not sell without a significant profit. This was never about making some pocket change, that's what the stock market is for. This was a high risk move to try to make an insane amount of money. I'll ride it until that point or into the ground.

>> No.11565934

>>11565905
chill, this thres is a meme, everyone that's still on /biz/ knows btc will bottom out above 100k$ after the next cycle

>> No.11565983

>>11565913
Most of my friends are upper middle class/upper class. A lot of them bought 10k-50k worth. These are the kind of people that fueled the last bull run.
>>11565911
The main difference is that a lot of the December buyers were completely clueless normies. In 2014 most people didn’t know about crypto currencies, most people do now (to some extent) and think it’s a scam/ponzi/bubble.

>> No.11566007
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11566007

>>11565875
im still up about 100x from my initial investment of 150 buckeroos last year when btc and all the other shitcoins had their rallies and i sold everything i had back in january when btc was at 14k
now im basically just waiting for btc and the other shitcoins to find their bottom and to buy back in
feelsgoodman

>> No.11566037

>>11566007
feelsgood? i'd probably kms. i'm only at 10x and still have a hundred thousand more than you, you could have been a millionaire at this point

>> No.11566040

>>11565983
pretty much this desu. in 2014 bull no one was talking about crypto really. but the 2017 one it was literally on every major news station, facebook instagram snapchat, buzzfeed all over reddit, coinbase #1 app on the appstore etc. etc.

>> No.11566101

>>11566037
desu i didnt really have more at the time and considering i was 17 and i made that much im proud of myself
>you could have been a millionaire at this point
true but now its just a waitings game and the next cycle will start eventually (or not i guess everything is possible at this point)

>> No.11566141
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11566141

im down 50% from initial but I dont think ill cash out once its break even

but it does depress me that I have to 6x my coins just to break even, while other people are buying in right now and will be up 600% while I barely recoup my losses

>> No.11566178
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11566178

>>11565905
>all we need is a few ultra rich people
the delusion of poor people is embarrassing

>> No.11566188

>>11565875
You think until prices start to rise and people dont sell because of FOMO again. Its all market psychology.

>> No.11566206

>>11565895
nobody, now maybe in 5 years some retarded poor people will buy it at 6k or wherever it will be...
normally wealthy people dont throw large sums of money on a non regualted market...
for example when i asked my wealthy parents for $ in novemeber they told me to fuck off

>> No.11566218

>>11565983
>think it’s a scam/ponzi/bubble.
it really is except for btc, still even btc is overvalued

>> No.11566232

>>11565890
It never hit 10 cents

>> No.11566240

>>11565875
Mixed feelings. On one hand I believe crypto is truly here to stay. Even though I'm down in fiat, I'm way up in the amount of coin I'm holding. The only reason I short is to accumulate more BTC and many other people are the same way.

No way in hell are we ready to moon. Last year was all hype, this year is waking up from the dream and realizing that half of these coins don't do shit for the real world. Will they one day? You betcha. The question is when.

>> No.11566249
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11566249

In terms of fiat I'm up over 4x but that's only because Im one of those retards that went all-in on LINK pre-ico.

>> No.11566311

>>11565875
bitcoin and a small handful of useful others like monero and eos will survive, the rest are going to zero

>> No.11566342

i'm up 3x on initial but i don't intend to sell ever
hopefully we go down another -90% to really shakeout the normies

>> No.11566532

Largely got in in October/November and slowly traded everything for link around 20c and am up obviously 2x. LINK unironically saved my portfolio as I seriously was thinking about things like BBN and even once was tempted by the REQ meme.

>> No.11566564

>>11565931
This guy gets it.

>> No.11566587
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11566587

>>11566218
How is BTC overvalued? How could you objectively determine that as true.

>> No.11566727
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11566727

>>11565875
I am not because I got in on BTC at $1000. Sold it for Link and XRP at 0.17 and 0.28. I am in the green by a large margin.

Bitcoin died when China took over. The Western world will make sure China and normies are left holding the BTC bags while (((endorsing))) other cryptos that will x5-x10.

Bitcoin is dead anybody who got in after Sept 2017 are the laggards and the bagholders. Anybody who still defends Bitcoin is emotionally invested to the point where they are drunk on hope.

Bitcoin came and went and most people missed the opportunity to make a shit ton of money. The normiest of normie people I know bought Bitcoin in fucking January 2018.

>Muh not 1% of people own bitcoin!

That assumes every single person will eventually want Bitcoin that is pure fucking hopeful delusion.

>> No.11566742

>>11566587
What is BTCs use and how well is it doing at it?

>> No.11566759

>>11566587
You can't easily use it
It's expensive
You can't store anything on it
Mining is 80% centralized so it isn't decentralized
Lead devs are selling other chains to companies because BTC is so useless by their design
Store of value meme is failing

I could go on

>> No.11566976

>>11565883
Fomo'd npcs

>> No.11566997

>>11566742
Objective symbol representing energy and value, finite digital information.
It is doing fantastic, people are paying over $6,000 for a single one, and Bitcoin's hashrate is higher than ever, meaning Bitcoin is more secure than ever.

>> No.11567056

>>11565875

You should read more about market cycles anon and Wyckoff in particular. Basically the whales sell on the way up, by the time BTC hit 20k many whales had taken huge profits. The crash is normies selling, the reason your hypothetical scenario won’t happen is because by the next bullrun there won’t BE any bagholders left since whales are reaccumulating on the way down, then they pull their btc from the sell orders and BTC moons because the supply is lower and they pump it with some of their profits from right now, then normie a finally FOMO when it hits ATH, and then the dump repeats. It’s all rather banal desu

>> No.11567078
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11567078

>>11565883
>just ask yourself who would buy btc at 1k?

>> No.11567107

>>11565905
>all we need is rich people to pump the price of this shitcoin


the absolute state

>> No.11567139

>>11566587
It doesnt need to be 6K to use it. If anything that's worse because of higher fees. Same thing with coins that will be adopted. Some of them may never even moon because they wont need to.

>> No.11567171

>>11565875

initial: 1 btc
ATH 9 btc
lowest: 1.7 btc
current 5.6 btc

>> No.11567202

I wish it would hit 6k and stay stable +/- ×% / month so it could actually be used as money. I'll never accept it in my business until it's a real store of value.

>> No.11567236

>>11565875
its time to be honest with ourselves. we are NEVER going to get our money back or break even, and theres NEVER going to be another bull run. it was a one time thing. theres no reason for any of this shit to ever go back up.

>> No.11567263

>>11567202
I bought in only this month because it finally looked stable. I haven't lost any more than with my traditional ETFs so whatever.

It would be nice if it did turn in to party hats years later but I'm not in any hurry.

>> No.11567267

After going 100x last year I'm now down to my Initial investment

Can't help but to laugh hysterically sometimes thinking of the poor souls who got justed on this magnitude I would unironcially kms

>> No.11567330

>>11565875
>he didn't buy LINK at ICO price
Heh. Too bad.

>> No.11567344

>>11567263
I'd settle for permanent dollar parity, or anything really. $1million per coin, whatever. Just anything but moving from $100 (the last time I posted on biz) to $19k and down to $6k (now that I post on biz again).

It's un-fucking-usable like this and will forever be pretend money until the shit gets somewhere and stays there.

>> No.11568388

7x initial, bought first time in sept 2017.

>> No.11568531
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11568531

I don't think there will be another bull run until these shitcoins actually start having real world adoption and are actually in demand due to real world use rather than pure speculation, or at least some more credible speculation that they will no shit actually be getting used sooner rather than later.

This will be the last bullrun where sizeable gains are made. Then everything will have much less volatile prices as their real world values are more or less figured out.

>> No.11569702

When will /biz/ learn this simple lesson >>11567056?

>> No.11569720

>>11567078
?

>> No.11569747

>>11569720
fuck off retard

>> No.11569754

>>11565875
Then your friends are idiots. But I guess once it rises they get greedy again

>> No.11569762

>>11569702
>when will /biz/ learn that a few autists have more purchasing power than whales with 90% of the money

whenever it stops being a fantasy

>> No.11569827
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11569827

>>11565875

They are normies and will fomo in again, when cryptos reach next ath.

>> No.11569966

I was going to buy in January but never did and still haven't. I keep procrastinating because this kyc bullshit on markets puts me off

>> No.11570087

>>11565875
that's because crypto in general is not an investment, it's speculation.